OCR Text |
Show . oo COST OF THE GREAT WAR. What Is the war costing? No ono knows, but the financial obligations so far assumed by tho different nations na-tions in the form of bonds total nearly near-ly twenty billion dollars, and arc divided di-vided as follows: United Kingdom. Bonds: 3J. per cente. ...$1,750,000,000 4J per cents 2,925,000,000 Five-year Exchequer 3s. 230,000,000 Treasury bills (various rates) "575,000,000 One-half of Anglo-French credit In Now York, 5s 250,000,000 Total , $5,739,000,000 Estimated amount now outstanding. Franco. Bonds: National defense.$l,230,000,000 Treasury 450,000,000 One-year 5 per cent, notes In London 50,000,000 One-year 5 per cent notes in New York 25,000,000 Credits and collateral loan in New York 73,000,000 One-half of Anglo-French credit In New York, 5s 250,000,000 Total 52,078,000,000 'Estimated. Russia. 5 per cent, bonds 5515,000,000 5J2 per cent, bonds 515,000,000 4 per cent, bonds 309,000,000 Treasury bills; at home and in England and France 1,252,000,000 Total 52,591.000,000 Italy. 5J,2 per cent, bonds $200,000,000 4 per cent, bonds 200,000,000 Loan now being placed in the United States. 25,000,000 Total 5425,000,000 Germany. First war-loan, 5s $1,115,000,000 Second war-loan, 5s 2,265,000,000 Third war-loan, 5s 3,025,000,000 Notes in United States.. 10,000,000 Total $6,415,000,000 Austria. Austrian 5V& per cent. bonds ,. . $433,000,000 Hungarian 6 per cent. bonds ... V. .". . 237,000,000 War-loans, credits, etc.. 1,161,000,000 Total $1,831,000,000 Turkey. Loan in Germany 250,000,000 Total war-borrowlngs.?19,329,000,000 Our great Civil war, which extended extend-ed over a period of four years, created cre-ated an indebtedness estimated at over five billion dollars, and left this country with a debt of $2,332,000,000. This debt was gradually reduced until, un-til, prior to the Spanish'American war, it was $585,000,000. Today Germany has a debt of approximately ap-proximately nine billion dollars on which it must pay annual Interest of over $400,000,000. Great Britain's debt also is nine billion dollars, with interest charges of $450,000,000. ' It is estimated that all the warring nations have increased their annual interest charges by nearly one billion bil-lion dollars. The one redeeming feature of all thiB debt is that the money paid in interest mu6t go back to the people In tho form of reinvestments. The worst aspect though is that the money lenders will have an endless mortgage mort-gage on the productivity of all those countries. |